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Blake Benthall asserts that the U.S. government needs to collaborate more closely with cryptocurrency companies to create effective regulations and ensure compliance with the law. He believes that some officials advocate for strict measures due to their misunderstanding of new technologies. 
A bipartisan group of senators has introduced a new bill known as COPIED, aimed at regulating artificial intelligence, particularly focusing on combating deepfakes and ensuring fair compensation and rights for content creators. Should this initiative pass, it would implement these standards at the federal level. Financial Services Committee Calls for RWA Tokenization Rules
On June 5, the U.S. Financial Services Committee hosted a public hearing titled "Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets." The event gathered experts including lawyers, representatives from government financial institutions, and private business executives. 
The European Securities and Markets Authority (ESMA) has published its first final report on the regulatory framework for the crypto market under the Markets in Crypto-Assets Regulation (MiCA). This document presents ESMA's recommendations regarding the criteria for the proper registration of crypto service providers and the procedure for handling complaints. The report has now been submitted to the European Commission, with ESMA set to assist the government in implementing these recommendations as a consultant. 
What the .io Domain’s Fate Means for Crypto Projects
As the geopolitical situation around the British Indian Ocean Territory evolves, the stability of .io domains, widely used in the crypto world, is under scrutiny. Learn about the potential risks, alternatives like .crypto, and how AI-focused domains like .ai are gaining traction. 
Cryptocurrency Regulations in New Zealand
Cryptocurrency regulation in New Zealand is continuously evolving. Although digital assets are not officially recognized as a form of payment, they are acknowledged as property under tax and financial laws. The nation is actively working towards establishing a clear and secure framework for the digital industry. 
The executive committee of SAG-AFTRA, the united union of actors and musicians, has provisionally approved a new agreement with major recording companies, including Warner Music Group and Sony Music Entertainment. Among other things, this agreement addresses the regulation of artificial intelligence in the music industry. 
U.S. Treasury Secretary Janet Yellen has announced that the finance committee has greenlit a bill for federal regulation of stablecoins. This legislation would empower regulators to directly ban the issuance of specific assets by emitters under suspicion of fraudulent activities or other concerns.